DZ20220923

 

Industrial Economy

*Premier Li Keqiang held State Council general meeting on Sept 22nd which required concentrating efforts on policy implementation to boost economic recovery. Key points as 1) Infrastructure construction, equipment upgrade and renovation will be supported with key provinces take the lead to consolidate economic fundamentals. 2) Smooth transportation and logistics to be ensured with policies of poverty alleviation supported. Toll fees of freight vehicles to be cut by 10% in Q4 with targeted financial supports on operation entities of fee-collected highways and financing cost to be lowered. Harbor dues of government priced goods will be lowered by 20% in Q4.

*Centralized procurement of oral implants to be carried forward with all public medical institutions to participate in.

 

Co Focus

*China Petroleum and Chemical (600028 CH) set up tech company of carbon industrial chain, aiming to build up world leading R&D center of carbon industry and to go public by the end of 14th FY at market value over tens of billions.

*Tesla recalled around 1.1mio units of vehicles in U.S. for inaccurate response of window auto-reverse system after detection of obstacles.

 

Sep 22nd Block Trade

*Block Trade Info

*Discount

- Gentech Co., Ltd.(688596 CH) saw 10 block trades worth 95mn at 32.16 yuan per share, 14.03 discount from last closing.

- Shuangta Food Co.（002481 CH）saw 3 block trades worth 125mn at 6.58 yuan per share, 6.00 discount from last closing.

- Ningbo Shanshan (600884 CH) saw 1 block trade worth 544mn at 23.18 yuan per share, 0.3 discount from last closing.

- CMOC Group (603993 CH) saw 1 block trade worth 54mn at 4.41 yuan per share, 9.82 discount from last closing.

- Shangfeng Cement (000672 CH) saw 1 block trade worth 119mn at 12.24 yuan per share, 8.45 discount from last closing.

*Flat

- Wingtech Tech (600745 CH) saw 2 block trades worth 53mn at 51.93 yuan per share, 0.00 discount from last closing.

- Aviation High-Tech (600862 CH) saw 1 block trade worth 50mn at 26.42 yuan per share, 0.00 discount from last closing.

-Premium

- Yatai (Group) Co. (600881 CH) saw 1 block trade worth 276mn at 2.41 yuan per share, 1.69 premium from last closing.

 

*Margin Trade

 

*Connection Trade

 

 

*Index Futures

 

 

*Index Options

 

 

*Treasury Futures

 

*Night Session Commodities Market (As of 02:30 am)

Commodities (night session):

* Global crude oil price closed up collectively. November NYMEX contract up 0.68% to closed at $83.50/b, December Brent contract up 0.73% to closed at $89.45/b. INE crude oil active contract up 0.66% to 653.6 yuan/b. Conflict between Russia and Ukraine supported oil price.

* Precious metals closed up collectively. COMEX gold contract up 0.22% to closed at $1679.4/oz. SHFE gold active contract up 0.25% to closed at 386.86 yuan/gram.

* Metals closed up mostly, LME tin up 2.08%, LME aluminum up 0.93%, LME lead up 0.87%, LME nickel down 2.34%. SHFE zinc up 0.81%, SHFE aluminum up 0.78%, SHFE nickel down 0.70%.

* Commodity futures closed up mostly. Energy & chemistry futures saw a strong performance, fuel oil up 2.68%, glass up 1.4%, soda ash up 1.39%, PTA up 1.33%. Black series went up collectively, coking coal up 2.35%, iron ore up 1.62%, coke up 1.49%, hot-rolled coil up 1.43%, steel rebar up 1.26%. Agricultural products closed down mostly, soybean oil down 0.8%.

 

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